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Carpets and Rugs

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Global demand for carpets and rugs is forecast to expand 4.1% p.a. between 2015 and 2019. Currently, tufted carpets and rugs account for 50.1% of the global demand while the remaining market share is divided between woven carpets and rugs (25.7%), knotted carpets and rugs (10.0%) and other carpets and rugs (14.2%).

China, Egypt, Japan, the United Kingdom and the United States are considered the highest potential markets in the coming years. China, Germany, Japan, the United Kingdom and the United States represent the largest carpet and rug markets while the strongest annual growth is forecast to occur in Bolivia (8.7%), Vietnam (7.2%), Sri Lanka (7.0%), South Korea (6.8%) and Kyrgyzstan (6.4%).